Shared Space Arrangements Clause Samples
The Shared Space Arrangements clause defines how parties will use and manage areas or facilities that are accessible to multiple users within a property or project. It typically outlines rules for scheduling, maintenance responsibilities, and cost-sharing for spaces such as lobbies, meeting rooms, or parking lots. By establishing clear guidelines for shared use, this clause helps prevent disputes and ensures that all parties understand their rights and obligations regarding common areas.
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Shared Space Arrangements. Notwithstanding anything to the contrary contained in the Lease, Tenant may permit Shared Space Arrangements (as defined in Section 21.6(b) of the Lease) with respect to up to 40,000 square feet of the Rentable Area of the Premises (or if the third party subject to a Shared Space Arrangement owns at least 5% of Tenant, or if Tenant owns 5% of such third party, then, as to such third party, up to 40,000 square feet of the Rentable Area of the Premises). For avoidance of doubt, no more than 40,000 square feet of the Rentable Area of the Premises shall be subject to or affected by Shared Space Arrangements at any time.
Shared Space Arrangements. Notwithstanding anything to the contrary in this Article 21, Tenant may from time to time permit third parties with whom Tenant is working on particular projects and with whom Tenant will share office and laboratory services to use a portion of the Premises (a “Shared Space Arrangement”) and such use shall not be deemed to be a sublease so long as (i) no more than ten percent (10%) of the Rentable Area of the Premises (or if the third party owns at least five percent (5%) of Tenant, or if Tenant owns five percent (5%) of such third party, then, as to such third party, no more than ten percent (10%) of the Rentable Area of the Premises) is so used at any one time and (ii) the space occupied by such parties is not separately demised from the balance of the Premises (i.e. separated from the balance of the space by a wall or other constructed device and having separate entrances to the common areas) and (iii) the use of the space is not a use which increases (A) the operating costs for the Building, (B) the burden on the Building services, or (C) the foot traffic, elevator usage, parking or security concerns in the Building, or creates an increased probability of the comfort and/or safety of the Landlord and other tenants in the Building being unreasonably compromised or reduced (for example, but not exclusively, as a school or training facility, an entertainment, sports or recreation facility, retail sales to the public, medical offices, a personnel or employment agency, or an embassy or consulate or similar office) and (iv) Tenant does not realize a profit with respect to the space so used. The rights set forth in this section are personal to the Tenant originally named in this Lease, and shall not inure to the benefit of any successor, assignee or subtenant of Tenant. Tenant shall be fully responsible for the conduct of such parties within the Premises and the Complex, and Tenant’s indemnification obligations set forth in this Lease shall apply with respect to the conduct of such parties. Tenant shall supply Landlord with the terms of any such space sharing arrangement no later than ten (10) days prior to the effective date thereof.